PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Polunin Capital Partners Ltd

Polunin Capital Partners Ltd lowered its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 1.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,973,054 shares of the company’s stock after selling 55,626 shares during the quarter. PagSeguro Digital accounts for about 7.8% of Polunin Capital Partners Ltd’s investment portfolio, making the stock its 5th largest position. Polunin Capital Partners Ltd owned about 1.21% of PagSeguro Digital worth $33,443,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in PagSeguro Digital during the first quarter worth about $30,000. Y.D. More Investments Ltd lifted its position in PagSeguro Digital by 82.5% in the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after purchasing an additional 1,800 shares during the period. Family Firm Inc. acquired a new stake in PagSeguro Digital during the second quarter worth $50,000. Covestor Ltd increased its holdings in PagSeguro Digital by 11,990.2% in the 1st quarter. Covestor Ltd now owns 4,957 shares of the company’s stock valued at $71,000 after buying an additional 4,916 shares during the period. Finally, Quarry LP raised its stake in shares of PagSeguro Digital by 156.2% in the 2nd quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after buying an additional 3,806 shares in the last quarter. 45.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PAGS shares. The Goldman Sachs Group dropped their price target on shares of PagSeguro Digital from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday. UBS Group cut their target price on PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a research report on Monday, July 8th. Morgan Stanley reiterated an “underweight” rating and issued a $6.50 price target (down from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. Itau BBA Securities cut PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a report on Tuesday, October 1st. Finally, Cantor Fitzgerald raised shares of PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.40.

PagSeguro Digital Price Performance

Shares of PAGS stock traded down $0.02 during trading hours on Friday, reaching $8.27. 3,111,171 shares of the company were exchanged, compared to its average volume of 3,883,086. PagSeguro Digital Ltd. has a fifty-two week low of $6.93 and a fifty-two week high of $14.98. The stock’s fifty day moving average is $9.49 and its two-hundred day moving average is $11.36. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 7.06, a P/E/G ratio of 0.43 and a beta of 1.94.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. The business had revenue of $874.38 million during the quarter, compared to analysts’ expectations of $816.34 million. During the same period in the prior year, the business earned $0.26 EPS. On average, research analysts anticipate that PagSeguro Digital Ltd. will post 1.19 earnings per share for the current year.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.